Does the number of PRs matter?

[thankfulheart]

Or is one a death knell?  I currently have 3, one will drop off early 2012, the other is IRS and the paperwork has been sent to remove that one.  The 3rd is state taxes from 2008 which, unless I can get someone to play nicely, looks like it will stay.  Is that one enough to keep me in the basement?  Do you think I will see any jump from the other 2 dropping off?

[llecs]

YMMV. It depends on how they report and it also depends on if you have any other baddies aside from the PRs. The age of the PRs would factor in too. If you look in your FICO report you'll see the pos/neg items ranked order from very worse to the very best on the other side (pgs 2 & 3). If PRs are in that #1 slot, then there's a better chance of seeing a gain when the first 2 drop. If PRs aren't in that first slot, or not at all, then the impact of those being removed diminish.

[RobertEG]

They are major derogs.  I would not expect anything at the 700+ level with remaining major derogs.  The reduction of the impact of removal of one major derog is generally not as significant when other major derogs remain, so yes, the number matters as it pertains to score improvement expected from the deletion of one major derog..  One remaining will keep you in a "dirty" scoring category.

Of particular concern, in my opinion, is the unpaid tax lien.  Tax liens, as opposed to other types of derogs, remain from the date paid as opposed to the date the derog occured.

Unpaid tax liens can remain forever.  The 7 year clock on paid tax liens doesnt begin until the lien is satisfied.  So removal of the reporting itself, as you are apparently achieveing with the IRS lien, becomes important upon payment to avoid the remaining 7 year inclusion in your CR.

[OnTheRebound]

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@RobertEG wrote:

They are major derogs.  I would not expect anything at the 700+ level with remaining major derogs.  The reduction of the impact of removal of one major derog is generally not as significant when other major derogs remain, so yes, the number matters as it pertains to score improvement expected from the deletion of one major derog..  One remaining will keep you in a "dirty" scoring category.

Of particular concern, in my opinion, is the unpaid tax lien.  Tax liens, as opposed to other types of derogs, remain from the date paid as opposed to the date the derog occured.

Unpaid tax liens can remain forever.  The 7 year clock on paid tax liens doesnt begin until the lien is satisfied.  So removal of the reporting itself, as you are apparently achieveing with the IRS lien, becomes important upon payment to avoid the remaining 7 year inclusion in your CR.

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YMMV. I have a PR (tax lien, no other derogs) on my EX and EQ reports. My EQ score is 709. I don't know my current EX score but it has always been very close to EQ.
My TU report is squeaky clean with a score of 792.

[Anonymous]

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@OnTheRebound wrote:

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@RobertEG wrote:

 I would not expect anything at the 700+ level with remaining major derogs.   

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YMMV. I have a PR (tax lien, no other derogs) on my EX and EQ reports. My EQ score is 709. I don't know my current EX score but it has always been very close to EQ.
My TU report is squeaky clean with a score of 792.

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Agreed.  I'm over 700 on all 3 (lender pull FICO) with a BK, as well.